MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.23

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Jan 23 4:00 PM EST

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To: exeric2 who wrote (80998)	7/30/2001 5:29:08 PM
From: eichler	Read Replies (1) of 99985

Hiya, I'm still here..<g>...just my view of leaning to the bullish side now hasn't changed yet and I hate beating the drum repeating myself for the very reasons you mention...(credibility). Of major importance to me at this time is the Rydex Bullish Sentiment which hasn't changed much for the last week. What it feels like to me is the market seems to want to go higher but just can't muster the strength to break through resistance at hand. We keep getting these climbs up to the 30ema on the daily(compx) followed by annoying pull backs... The weekly looks to me like the falling wedge which has been discussed here quite a bit....(that should be bullish too) However, still fresh in my mind is Zeev's recent call for "bloodbath", which of course considering Zeev's excellent track record has me cautious....though not stopping me from continuing to play my present bias on penny stocks except for smaller gains...(had a pleasant ride today on the MBRN train +25% in and out). Recently, I've been watching beaten down basing stocks and trying to catch the breakouts early and often...ggg Anyway....unless some mishap incapacitates me....I should be lurking around unless I see something which needs to be said... In short, still expecting a break upwards until proven wrong... Best of Trading! Regards, Eichler (Missed out on PRTL...100% gain today!! AND I was watching it!...just couldn't pull the trigger....oh well......

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